I thought the price of this bus was a typo but it has been popping up online in several locations all with the same price of a quarter of a million bucks! In the description he mentions that he has over 300k invested which I can believe based on that gorgeous wood especially at the entrance to the bedroom. The hot tub is very nice too but surely he will need to get close to dropping a zero off the price if he ever hopes to sell it. What do you guys think?
For some reason the pics didn't load for me, so I'll have to take your word for how the thing looks. However, look at the whole ad and the mystery is largely answered.
The thing is located in the Palm Springs area, where incomes tend to be higher and there are a LOT of converted coaches. If the thing is in good overall condition, and the woodwork is mahogany (that the heck is MAHOCONY???), chances are that's one of those "4,000 man-hour" conversions that have been discussed recently, and he's overly aware of his costs while comparing it to other coaches in town. It doesn't matter that it's 36 years old and an MCI if it looks as good as the 20-year-old Prevost from down the street that just sold for $300K.
This is one of the problems with setting a value on a coach conversion -- there is no baseline to start with. Coach shells range in price from scrap value up (waaaayyy up!), and most conversions are one-off, so there is no way to compare them. I got my 4903 shell at a very good price, but how to compare it to an MCI that is, say, 15 years younger? And that's just the SHELL, now get out the pencil sharpener and figure the relative value of the conversion layout, the components and the workmanship.
Is this guy's coach "way over priced"? As far as I'm concerned, it sure is, because mine is costing a whole lot less for everything I need and nearly everything I want (but then, I don't want "Mahocony"). But for the guy who has been looking at $350K rigs all month, $280K would certainly be worth considering, for a fancy coach that he can move into today.